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Chainlink forms bullish pattern at $8.22 with buybacks boosting confidence toward $9 target

Technical Signals
07 Aug 2026
Blockonomi
View Source
Bullish
Chainlink forms bullish pattern at $8.22 with buybacks boosting confidence toward $9 target

Chainlink (LINK) is trading steadily at $8.22, supported by a strong $8.00–$8.10 zone that hints at a bullish reversal through an inverse head-and-shoulders pattern. A breakout above $8.40–$8.50 could push LINK toward $9. Meanwhile, Chainlink's ongoing token buyback program has repurchased 5.211 million LINK worth $42.94 million, with steady weekly buys expected to continue through 2026. This combination of technical setup and supply-side support is drawing attention from traders looking for a potential price recovery.

More News (LINK)

Infosys partners with Chainlink to integrate blockchain tools for financial services, no deployment details yet

Infosys partners with Chainlink to integrate blockchain tools for financial services, no deployment details yet

Infosys and Chainlink announced a strategic partnership to integrate multiple Chainlink blockchain products, including cross-chain connectivity, compliance, reserve verification, and market data services, into Infosys' financial technology infrastruc...

Market News
Neutral
9 hours ago
Chainlink's LINK rises 8% in 24h, hitting $12.82 with strong support at $8.04 and resistance near $13.90-$20.60.

Chainlink's LINK rises 8% in 24h, hitting $12.82 with strong support at $8.04 and resistance near $13.90-$20.60.

Chainlink's LINK token surged 8% in the past 24 hours to $12.82, gaining nearly 13% over the week amid a stronger crypto market. Analysts highlight $8.04 as a key support level, with potential resistance between $13.90 and $20.60, suggesting room for...

Technical Signals
Bullish
16 hours ago
Chainlink (LINK) rises 13% as whales accumulate $120M post 17% price drop

Chainlink (LINK) rises 13% as whales accumulate $120M post 17% price drop

Chainlink (LINK) has rebounded with a 13% gain over the past week after a 17% price correction from $13.68 to $11.29. Large investors, or whales, have taken advantage of the dip by accumulating around 10.36 million LINK tokens worth approximately $12...

Technical Signals
Bullish
1 day ago
Chainlink (LINK) price rises 6.2% to $12.11, eyeing $13 resistance amid strategic reserve buying.

Chainlink (LINK) price rises 6.2% to $12.11, eyeing $13 resistance amid strategic reserve buying.

Chainlink's (LINK) price increased by about 6.2% to $12.11 after bouncing from support near $11, with technical analysis suggesting a completed five-wave rally that could lead to further gains toward $13 and possibly $15. The Chainlink strategic rese...

Technical Signals
Bullish
1 day ago
Chainlink (LINK) rises 7.4% amid broad crypto rally and Charles Schwab's planned listing announcement.

Chainlink (LINK) rises 7.4% amid broad crypto rally and Charles Schwab's planned listing announcement.

Chainlink (LINK) surged 7.4% to $12.34, driven by a general crypto market rally and news that US broker Charles Schwab plans to add LINK to its crypto offerings. While this announcement signals growing institutional interest, Schwab's service is curr...

Market News
Bullish
3 days ago
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